Question
Fleming Educational Software, Inc., is selling 775,000 shares of stock in an auction IPO. At the end of the bidding period, Flemings investment bank has
Fleming Educational Software, Inc., is selling 775,000 shares of stock in an auction IPO. At the end of the bidding period, Flemings investment bank has received the following bids. What would be the price for share? What would be the amount raised? If the price rises 16% the first trading day, how much money was left at the table?
| PRICE | NUMBER OF SHARES |
| $8.00 | 25,000 |
| $7.75 | 100,000 |
| $7.50 | 75,000 |
| $7.25 | 150,000 |
| $7.00 | 150,000 |
| $6.75 | 275,000 |
| $6.50 | 125,000 |
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Happy Retirement Fun Things To Do From Home Hobbies To Wild Freedom
Authors: Leon Simonds
1st Edition
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